bank rates

More Top Banks Boost 60-Month CD Rates

Woman tracing a fever chartWe haven’t seen a whole lot of movement among the very best 60-month CDs in the last month.

In October, six nationally available deals paid at least 2% APY. Today, the same holds true.

But we’ve seen a subtle, encouraging shift among banks further down our list.

One month ago, five banks paid between 1.90% APY and 1.99% APY. Today, there are six. One month ago, there were no banks that paid between 1.61% APY and 1.89% APY. Today, there are four.

So, we’re seeing more banks raise their rates, even if they’re not yet among the elite.

That makes the slight dip from the top offer on our
CD Rates Leaderboard a bit more tolerable.

Chart showing the top an average 60-month cd rates

The New York branch of the State Bank of India (, an FDIC-insured branch of India’s largest bank, which operates independently of other U.S. branches, still leads the term, although it now pays 2.05% APY, down from 2.10% APY, with a $5,000 minimum deposit.

GE Capital Bank (, which is one of two online banks, each with its own FDIC insurance, that are subsidiaries of GE Capital Corp., the financial services unit of the manufacturing giant, pays the second-highest rate of 2.01% APY and requires a $500 minimum deposit.

Four banks pay 2.00% APY:

Barclays (, which is the online American operation of the big British bank, has no minimum balance requirement.

BBVA Compass (, which which has 688 branches in the Sun Belt region, requires a $500 minimum deposit.

National Bank of Kansas City (, which has two branches in Kansas and four in Missouri, requires a $5,000 minimum deposit.

Salem Five Direct (, the online division of Salem Five Bank, which has 23 branches just north of Boston, requires a $10,000 minimum deposit.

The average annual yield large big banks and thrifts are offering for the 60-month term is currently 0.79%.

These banks qualify for our rankings by imposing no restrictions on who can buy their certificates of deposit, either online or through the mail.

You can compare these returns with the best CD rates from scores of banks in our extensive database.

Don't miss out on the next bank deal. Get the newest deals delivered straight to your inbox!

Comments (1)
1 Star2 Stars3 Stars4 Stars5 Stars (4 votes, average: 5.00 out of 5)
One Existing Comment
  1. Mike Cetera said:
    on November 11th at 10:42 am

    We have more movement to report. Virtual Bank — the online division of Sabadell United Bank, which has about two dozen branches in south Florida — has raised its 60-month CD rates to 2.02% APY. That’s good enough for second place on our list of the best nationally available deals.